FinVolution Group (NYSE:FINV - Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,940,000 shares, an increase of 12.8% from the December 15th total of 1,720,000 shares. Based on an average daily trading volume, of 645,000 shares, the short-interest ratio is currently 3.0 days. Currently, 1.3% of the company's stock are short sold.
Institutional Trading of FinVolution Group
Several institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in FinVolution Group in the third quarter valued at $58,000. Quadrature Capital Ltd bought a new stake in FinVolution Group in the 3rd quarter valued at about $94,000. Blue Trust Inc. boosted its stake in FinVolution Group by 246.8% during the 3rd quarter. Blue Trust Inc. now owns 15,754 shares of the company's stock valued at $97,000 after purchasing an additional 11,211 shares during the period. Ascent Group LLC bought a new position in FinVolution Group in the 3rd quarter worth about $103,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of FinVolution Group in the second quarter valued at approximately $139,000. Institutional investors own 31.15% of the company's stock.
FinVolution Group Price Performance
Shares of NYSE:FINV traded up $0.06 during midday trading on Friday, reaching $7.04. The company had a trading volume of 681,821 shares, compared to its average volume of 500,275. The stock has a market capitalization of $1.87 billion, a P/E ratio of 6.06 and a beta of 0.50. FinVolution Group has a one year low of $4.45 and a one year high of $7.29. The stock's fifty day moving average price is $6.67 and its 200-day moving average price is $5.97.
About FinVolution Group
(
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FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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